Walmart CEO Predicts $10 Billion In eCommerce Sales

What's Next In Payments®
8:21 PM EDT June 8th, 2013

Walmart CEO Mike Duke expects his company to hit $10 billion in global eCommerce sales this year, according to All Things D. Duke made the comments at the company’s shareholder meeting on Friday.

Walmart’s acquisition of Chinese eRetailer Yihaodian has helped to boost the projection, which Walmart pegged at closer to $9 billion earlier in the year. All Things D notes that the eCommerce boost still represents a “sliver” of Walmart’s overall revenue, which hit $469 billion in 2012.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
What's Hot
B2B management software Wazoku closes £750,000 growth capital
What's Hot
OpenText Expands Latin American Presence with New Offerings and Locations in Brazil
What's Hot
Sage 100 ERP 2014 Enables Businesses to Increase Revenue
Mobile Commerce
Levi’s Appoints Walmart exec Marc Rosen as eCommerce Boss
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
What's Hot
B2B management software Wazoku closes £750,000 growth capital
Uncategorized
European Ministers Approve E-invoicing Standard for Public Sector
What's Hot
OpenText Expands Latin American Presence with New Offerings and Locations in Brazil
What's Hot
Sage 100 ERP 2014 Enables Businesses to Increase Revenue
View All Articles ››